The publication of Fastmarkets' alloy grade and standard grade cobalt price assessments for August 7 were delayed because of extenuating circumstances - namely, an unusually high level of market activity related to industry developments.Glencore's decision on Wednesday 7 to shut its Mutanda copper-cobalt mine by the end of 2019 in the Democratic Republic of the Congo (DRC) triggered an unusually h...Read More
Key data from Fastmarkets' Wednesday August 7 pricing session in Europe:Key drivers Ferro-titanium suppliers increase offer prices, with the range moving slightly higher at the top end, although overall business conditions are quiet given the time of year. At present there is tight availability on a spot basis and an increase in buying inquiries for August and September, although consumer demand i...Read More
QUESTION: Marty, Socrates has done an amazing job forecasting gold all by itself. What I find stunning is gold is rising but so is the dollar. This once again points out that all this gold analysis that it will soar because the dollar is fiat and will go to zero seems really absurd. You have warned that during the early stages gold will rise with the dollar. That is unfolding yet it is going unnot...Read More
Australia-listed miner Centaurus Metals Ltd has reached an agreement with Vale to acquire the latter's Jaguar nickel sulfide project in the Caraj??s mineral province, northern Brazil, it said on Tuesday August 6. The agreement, requiring an upfront cash payment of $250,000, also included an asset swap between the two companies. Centaurus will transfer the Salobo West copper-gold project, also in t...Read More
Eastern China's Delong Nickel Industry plans to commence construction of the second phase of its stainless steel mill project in October. This phase would involve the setting up of nickel pig iron and crude stainless steel facilities, according to...Read More
Currency manipulator!Today we point an indignant and accusing finger at the latest currency manipulator.Let all proper authorities take notice.The accused is not China - incidentally.But we cannot proceed without first noting another manipulated market...The stock market presented a distressed scene this morning.Plunging bond yields are the explanation widely on offer (falling yields reflect a poo...Read More
Ferro-chrome market conditions will remain challenging in the near term due to oversupply and macroeconomic factors, Glencore warned on Wednesday August 7.The trader-miner noted an average charge chrome price of 81 cents per lb in the first half of 2019, referencing Fastmarkets' ferro-chrome index 50% Cr import, cif Shanghai, $/Ib contained Cr, down by around 16% year on year.The index has held at...Read More
One of the crucial insights in currency trading that many investors fail to grasp is that currencies don't go to zero, and they don't go through the roof. That's a generalization, but an important one. Here are the qualifications:This observation applies to major currencies only - not to currencies of corrupt or incompetent countries like Venezuela or Zimbabwe. Those currencies do go to zero throu...Read More
Thickened tailings deposition for closureSPONSOREDsrk consultingNew mineral sands miner polishes its ImageSPONSOREDimage resourcesAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumSaturn's high-grade discovery gives Apollo Hill a rocketSPONSOREDsaturn metalsLast week saw two deals of reasonable scale in the precious metals space. The first was mid-...Read More
Thickened tailings deposition for closureSPONSOREDsrk consultingNew mineral sands miner polishes its ImageSPONSOREDimage resourcesAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumSaturn's high-grade discovery gives Apollo Hill a rocketSPONSOREDsaturn metalsMy beloved son and heir, now in his early teens is, to his credit, showing some interest and...Read More
Low cobalt prices and higher taxes under the new mining code in the Democratic Republic of the Congo have combined to make Glencore's (LON: GLEN) Mutanda cobalt and copper operation uneconomic, the company says.Mutanda - the world's largest cobalt mine - will transition to care and maintenance by year-end. Last year the mine produced 27,000 tonnes cobalt (20% of the world's supply of the metal) an...Read More
Semafo (TSX: SMF) has cut 2019 production guidance for its Mana mine in Burkina Faso by 40,000 to 50,000 oz. gold, following a pit-wall failure in the northern part of the Wona pit on August 2.The intermediate gold producer now expects the mine will produce between 130,000 and 140,000 oz. gold this year, down from its earlier guidance of 170,000 to 190,000 oz. gold.According to Semafo's 2019 mine...Read More
Sales of electric vehicles in Canada are up 30 per cent this year. Bloomberg Intelligence's Nick Albanese looks at what's behind the increase.Read full newsRead More
Thousands of Turks including opposition lawmakers staged a peaceful and unusuall...Read full newsRead More
Thousands of Turks including opposition lawmakers staged a peaceful and unusuall...Read full newsRead More
Searchlight Resources Inc. (TSXV:SCLT) is pleased to announce that the TSX Venture Exchange has accepted the option agreement with GEM Oil Inc. a private Saskatchewan company, to earn a 100% interest in two claims located near Creighton, Saskatchewan and 10 kilometres northwest of the city of Flin Flon, Manitoba.Read full newsRead More
Golden Predator Mining Corp. (TSXV:GPY, OTCQX:NTGSF) (the "Company" or "Golden Predator") announced today that it has commenced site improvements and an accelerated exploration/development drilling program at its fully licensed 100%-owned Brewery Creek Mine near Dawson City, Yukon. Read full newsRead More
Aug 08, 2019 Guest(s): Todd Gordon Founder, TradingAnalysis.com The Fed's dovish position is likely to send gold several hundred dollars an ounce higher in six months, this according to Todd Gordon, founder of TradingAnalysis.com. "I don't think this is the birth of a new gold market. I do see upside though, into the $1,500s, $1,600s, potentially $1,700 but unfortunately I think at that point th...Read More
The three-month nickel price on the London Metal Exchange continued its uptrend at the close of trading on Thursday August 8, cooling from an intraday high of $16,690 per tonne to close just short of $16,000 per tonne, while lead's continued rise saw its outright price close at more than $2,000 per tonne.Nickel futures closed at $15,880 per tonne on Thursday afternoon, holding near their highest l...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished higher Thursday after global bond yields eased from multiyear lows following stronger-than-expected export data from China, sending investors back to risk markets. Lyft (LYFT) shares climbed after the ride-sharing company posted a narrower-than-expected second-quarter loss and raised its full-year re...Read More